Monero
Why Monero is down 1.0% in the last hour
Analysis
Monero (XMR) slipped about 1.0% over the last hour as traders reacted to a headline linking XMR to a high-profile alleged ransomware demand. Decrypt reported that hackers are demanding a $3M ransom in Monero from Revolut and threatening to sell customer data, which can weigh on sentiment by reinforcing regulatory and reputational concerns around privacy coins.
Contributing Factors (1)
Revolut Hackers Demand $3M Monero Ransom, Threaten to Sell Customer Data: Report
The group says it chose whom to target by scanning the blockchain for Revolut accounts holding significant crypto.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.